4 hour
The USD/JPY has broken below the support trend lines (dotted) after reaching the main target zone at 114.50-115. This bearish break could start a wave 2 or B (light purple).
1 hour
The USD/JPY has retraced to the 38.2% Fibonacci level of wave 4 (green) and is building a bearish channel lower.
4 hour
1 hour
Origin: Admiral Markets
